Lanesborough REIT Announces Voting Results of the Annual Meeting of Unitholders

WINNIPEG, MB, June 24, 2020 /CNW/ - Lanesborough Real Estate Investment Trust ("LREIT") (TSXV: LRT.UN) announced today the results of the votes held at its June 24, 2020 annual meeting of unitholders (the "Meeting").

The total number of trust units represented by unitholders present in person or by proxy at the Meeting was eight, representing 8.01% of LREIT's outstanding trust units.

LREIT is pleased to announce that each of the nominee trustees listed in the information circular dated May 21, 2020 (the "Circular") for the Meeting has been re-elected as a trustee of LREIT. Proxies were tabulated as follows:

Name of Nominee	Votes For	% For	Votes Withheld	% Withheld
Charles Loewen	1,528,547	92.85%	117,729	7.15%
Earl Coleman	1,528,547	92.85%	117,729	7.15%

All other matters set out in the Circular were approved by the necessary number of votes cast at the Meeting.

ABOUT LREIT

LREIT is a real estate investment trust, which is listed on the TSX Venture Exchange under the symbols LRT.UN (Trust Units) and LRT.DB.G (Series G Debentures). For further information on LREIT, please visit our website at www.lreit.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Lanesborough Real Estate Investment Trust

Gino Romagnoli, Chief Executive Officer, or Arni Thorsteinson, Vice-Chair, Tel: [phone], Fax: [phone], Email: [email protected]